# Fenix Parts

Fenix Parts is an Asset Manager based in Hurst, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Hurst, United States
- **Region:** North America
- **Address:** Hurst, TX, United States
- **Founded:** 2014
- **Assets under management:** Undisclosed
- **Website:** fenixparts.com
- **LinkedIn:** https://www.linkedin.com/company/fenix-parts

## Regulatory record

- **Reports private funds:** No

## About

Fenix Parts specializes in recycling and reselling OEM automotive products. Its inventory exceeds 1 million parts, including engines, transmissions, body panels, and interior components. The company, founded in 2014, is based in Hurst, Texas.

## Sectors

- Mobility & Transportation
- Industrial Tech

## People

- Bill Stevens — CEO

## Questions

### How does Fenix Parts differ from LKQ Corporation?

Unlike LKQ, which sells new aftermarket crash parts alongside recycled OEM components, Fenix Parts deals exclusively in recycled OEM parts pulled from salvage vehicles. The company positions itself as a specialized pure-play dismantler focused on late-model inventory accuracy, whereas LKQ operates a broader distribution network that includes global procurement and manufacturing operations.

### What happened during Fenix Parts' Chapter 11 filing in 2021?

In August 2021, Fenix Parts entered Chapter 11 restructuring in Delaware, citing a liquidity crunch linked to bad-debt write-offs and operational integration challenges. Under CEO Bill Stevens, the company emerged from bankruptcy as a privately held entity, shedding underperforming locations and refocusing on core full-service yards in the Midwest, Texas, and the Northeast. The restructuring wiped out public equity holders and converted lender claims into ownership.

### Who runs investment decisions at Fenix Parts?

CEO Bill Stevens leads strategic decisions, including yard acquisitions and operational capital allocation, drawing on his experience as a former senior executive at LKQ Corporation. Post-bankruptcy control sits with a private ownership group composed of former lenders; the firm does not operate a separate investment committee or disclose an external GP structure.

### Which automotive brands does Fenix Parts primarily dismantle?

Fenix Parts concentrates on late-model domestic and Asian vehicle brands, which generate the highest demand for collision-repair parts from insurance carriers. The company maintains an inventory system designed to match insurer repair estimates, favoring high-volume models from Toyota, Honda, Ford, Chevrolet, and Nissan, while generally avoiding low-volume European luxury or exotic vehicles that require specialized dismantling processes.

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Last updated: 2026-06-03T20:00:00.000Z

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